Mergers and acquisitions
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Australia
Down Under Trucking: a submerged stinky truck and a call for humane treatment of truckers
A sewage truck met a watery end in New South Wales; regulators in NSW have improved port access; National Transport Commission overhauls assurance framework; ATA…
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Business
Descartes acquires cloud transportation management system provider BestTransport
Canadian logistics software company purchases U.S. firm whose TMS suite specializes in flatbed moves in North America and the EU.
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Asia-Pacific
Sime Darby paid US$136 million for automotive and construction dealer Gough
Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group…
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Air Cargo
Ohio-based Depot Systems bought by WiseTech Global
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
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Australia
DOWN UNDER TRUCKING: female truckers expect discrimination
Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In…
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Asia-Pacific
Malaysia’s Sime Darby buys Gough of New Zealand
Kuala Lumpur-headquartered trading conglomerate Sime Darby (BMB: 4197) of Malaysia has conditionally acquired the privately held automotive and construction machinery dealer Gough Group of Christchurch,…
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Air Cargo
Menzies acquisition secures foothold in Canadian air freight market
Vancouver-based GTO Global Logistics acquired by Air Menzies International, providing “an important advantage a major global trading route.”
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Canada
SNC-Lavalin to sell stake in Ontario toll route for C$3.25 billion
The Canada Pension Plan Investment Board is set to get controlling interest in the company that operates the highly profitable Ontario Highway 407 electronic toll…
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Finance
McKinsey: the best M&A strategy is systematically pursuing many small deals
Companies that build a dedicated M&A program return more value to shareholders.
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Australia
Competition watchdog worries over USD$248 million sale of liquids terminals
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC), has expressed competition fears over the acquisition of the wharf-side GrainCorp Liquid Terminals by independent…
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